The so-called wealth effect will result in households:
A. Spending more and saving less
B. Spending less and saving more
C. Spending less and saving less
D. Spending more and saving more
A. Spending more and saving less
Economics
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Refer to Table 1-3. What is Ivan's marginal benefit if he decides to stay open for six hours instead of five hours?
A) $10 B) $20 C) $30 D) $91.67
Economics
Growth in potential GDP in the United States is estimated to be about
A) 8.25% per year. B) 5.0% per year. C) 3.2% per year. D) 1.5% per year.
Economics